Bain Capital Public Equity LP Purchases 26,050 Shares of Coupang, Inc. (NYSE:CPNG)

Bain Capital Public Equity LP raised its position in Coupang, Inc. (NYSE:CPNG - Free Report) by 25.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 126,951 shares of the company's stock after acquiring an additional 26,050 shares during the period. Coupang comprises 1.8% of Bain Capital Public Equity LP's portfolio, making the stock its 23rd biggest position. Bain Capital Public Equity LP's holdings in Coupang were worth $2,790,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Coupang by 29.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 75,686,648 shares of the company's stock valued at $1,663,594,000 after acquiring an additional 17,123,637 shares in the last quarter. FMR LLC grew its stake in Coupang by 9.1% in the fourth quarter. FMR LLC now owns 29,619,581 shares of the company's stock valued at $651,038,000 after purchasing an additional 2,465,973 shares in the last quarter. Dodge & Cox increased its position in shares of Coupang by 0.6% during the 4th quarter. Dodge & Cox now owns 20,229,320 shares of the company's stock worth $444,640,000 after purchasing an additional 123,900 shares during the last quarter. Norges Bank bought a new stake in shares of Coupang during the 4th quarter worth approximately $404,896,000. Finally, HMI Capital Management L.P. boosted its holdings in shares of Coupang by 4.2% in the 4th quarter. HMI Capital Management L.P. now owns 11,662,498 shares of the company's stock valued at $256,342,000 after buying an additional 470,000 shares during the last quarter. Institutional investors and hedge funds own 83.72% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 price target for the company in a research note on Wednesday, February 26th. Citigroup reduced their price target on Coupang from $31.00 to $28.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. Mizuho upgraded Coupang to a "hold" rating in a research note on Friday, April 18th. Finally, Barclays set a $35.00 target price on Coupang and gave the stock an "overweight" rating in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $29.06.

Insider Transactions at Coupang

In other news, Director Benjamin Sun sold 250,000 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $23.43, for a total transaction of $5,857,500.00. Following the completion of the sale, the director now owns 1,719,421 shares of the company's stock, valued at approximately $40,286,034.03. This represents a 12.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Pranam Kolari sold 9,347 shares of Coupang stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $23.85, for a total transaction of $222,925.95. Following the completion of the transaction, the vice president now directly owns 177,106 shares in the company, valued at $4,223,978.10. This trade represents a 5.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 267,806 shares of company stock valued at $6,274,814. 13.60% of the stock is currently owned by corporate insiders.

Coupang Stock Performance

NYSE:CPNG opened at $24.11 on Friday. The stock has a 50 day simple moving average of $22.48 and a 200 day simple moving average of $23.42. The stock has a market cap of $43.53 billion, a P/E ratio of 42.30, a PEG ratio of 52.20 and a beta of 1.09. Coupang, Inc. has a 1-year low of $18.16 and a 1-year high of $26.91. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28.

Coupang Profile

Coupang, Inc, together with its subsidiaries owns and operates retail business through its mobile applications and Internet websites primarily in South Korea. The company operates through Product Commerce and Developing Offerings segments. It sells various products and services in the categories of home goods and décor products, apparel, beauty products, fresh food and groceries, sporting goods, electronics, and everyday consumables, as well as travel, and restaurant order and delivery services.

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